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Les Enphants

TSEC:2911
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2911
TSEC
NT$1B
Market Cap
  1. Home
  2. TW
  3. Retail
Company description

Les Enphants Co., Ltd., together with its subsidiaries, operates as a retailer of children’s wear and accessories. The last earnings update was 6 days ago. More info.


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  • Les Enphants has significant price volatility in the past 3 months.
2911 Share Price and Events
7 Day Returns
6.9%
TSEC:2911
-0.3%
TW Specialty Retail
-0.2%
TW Market
1 Year Returns
-34.2%
TSEC:2911
16.8%
TW Specialty Retail
-10.7%
TW Market
2911 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Les Enphants (2911) 6.9% -20.9% -23.1% -34.2% -47.1% -65.5%
TW Specialty Retail -0.3% -22.1% -27.4% 16.8% 18.8% -4.2%
TW Market -0.2% -15.3% -20.2% -10.7% -4.1% -0.7%
1 Year Return vs Industry and Market
  • 2911 underperformed the Specialty Retail industry which returned 16.8% over the past year.
  • 2911 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
2911
Industry
5yr Volatility vs Market

Value

 Is Les Enphants undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Les Enphants to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Les Enphants.

TSEC:2911 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSEC:2911
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 20%) (155.17%))
1.436
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.436 * 6.21%)
9.63%

Discounted Cash Flow Calculation for TSEC:2911 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Les Enphants is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSEC:2911 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 9.63%)
2020 14.75 Est @ -31.41% 13.45
2021 11.54 Est @ -21.77% 9.60
2022 9.80 Est @ -15.03% 7.44
2023 8.79 Est @ -10.31% 6.09
2024 8.18 Est @ -7% 5.16
2025 7.79 Est @ -4.69% 4.49
2026 7.56 Est @ -3.07% 3.97
2027 7.41 Est @ -1.93% 3.55
2028 7.32 Est @ -1.14% 3.20
2029 7.28 Est @ -0.59% 2.90
Present value of next 10 years cash flows NT$59.00
TSEC:2911 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$7.28 × (1 + 0.71%) ÷ (9.63% – 0.71%)
NT$82.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$82.24 ÷ (1 + 9.63%)10
NT$32.80
TSEC:2911 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$59.00 + NT$32.80
NT$91.80
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$91.80 / 188.94
NT$0.49
TSEC:2911 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$0.49
Current discount Discount to share price of NT$5.90
= -1 x (NT$5.90 - NT$0.49) / NT$0.49
-1114.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Les Enphants is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Les Enphants's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Les Enphants's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSEC:2911 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$-1.84
TSEC:2911 Share Price ** TSEC (2020-04-01) in TWD NT$5.9
Taiwan, Province of China Specialty Retail Industry PE Ratio Median Figure of 13 Publicly-Listed Specialty Retail Companies 14.29x
Taiwan, Province of China Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 13.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Les Enphants.

TSEC:2911 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:2911 Share Price ÷ EPS (both in TWD)

= 5.9 ÷ -1.84

-3.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Les Enphants is loss making, we can't compare its value to the TW Specialty Retail industry average.
  • Les Enphants is loss making, we can't compare the value of its earnings to the Taiwan, Province of China market.
Price based on expected Growth
Does Les Enphants's expected growth come at a high price?
Raw Data
TSEC:2911 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Specialty Retail Industry PEG Ratio Median Figure of 81 Publicly-Listed Specialty Retail Companies 0.86x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Les Enphants, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Les Enphants's assets?
Raw Data
TSEC:2911 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$13.13
TSEC:2911 Share Price * TSEC (2020-04-01) in TWD NT$5.9
Taiwan, Province of China Specialty Retail Industry PB Ratio Median Figure of 14 Publicly-Listed Specialty Retail Companies 1.35x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
TSEC:2911 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:2911 Share Price ÷ Book Value per Share (both in TWD)

= 5.9 ÷ 13.13

0.45x

* Primary Listing of Les Enphants.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Les Enphants is good value based on assets compared to the TW Specialty Retail industry average.
X
Value checks
We assess Les Enphants's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Les Enphants has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Les Enphants expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Les Enphants has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Les Enphants expected to grow at an attractive rate?
  • Unable to compare Les Enphants's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Les Enphants's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Les Enphants's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSEC:2911 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Asia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSEC:2911 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSEC:2911 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,050 125 -359
2019-09-30 5,352 -42 -246
2019-06-30 5,614 -138 -212
2019-03-31 5,892 -104 -160
2018-12-31 6,148 -435 -91
2018-09-30 6,392 -129 548
2018-06-30 6,529 51 509
2018-03-31 6,629 31 475
2017-12-31 6,827 421 426
2017-09-30 7,009 348 -77
2017-06-30 7,312 472 -40
2017-03-31 7,601 462 -62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Les Enphants is high growth as no earnings estimate data is available.
  • Unable to determine if Les Enphants is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSEC:2911 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Les Enphants Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:2911 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 -1.84
2019-09-30 -1.25
2019-06-30 -1.07
2019-03-31 -0.81
2018-12-31 -0.45
2018-09-30 2.72
2018-06-30 2.51
2018-03-31 2.32
2017-12-31 2.08
2017-09-30 -0.38
2017-06-30 -0.20
2017-03-31 -0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Les Enphants will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Les Enphants's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Les Enphants's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Les Enphants's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Les Enphants has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Les Enphants performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Les Enphants's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Les Enphants does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Les Enphants's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Les Enphants's 1-year growth to the TW Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Les Enphants's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Les Enphants Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:2911 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,049.75 -358.71 2,580.85
2019-09-30 5,351.68 -245.99 2,700.36
2019-06-30 5,613.94 -211.75 2,782.46
2019-03-31 5,892.14 -160.38 2,855.06
2018-12-31 6,147.54 -90.85 2,929.28
2018-09-30 6,392.50 548.49 3,051.17
2018-06-30 6,528.87 509.42 3,154.32
2018-03-31 6,629.23 474.62 3,236.05
2017-12-31 6,826.62 425.65 3,386.60
2017-09-30 7,009.46 -76.84 3,486.85
2017-06-30 7,312.35 -40.39 3,627.55
2017-03-31 7,601.09 -62.48 3,810.22
2016-12-31 8,083.33 -21.33 4,014.97
2016-09-30 8,461.37 -145.16 4,221.66
2016-06-30 8,796.07 -87.66 4,358.60
2016-03-31 8,999.60 -84.98 4,482.71
2015-12-31 9,232.63 -65.92 4,583.65
2015-09-30 9,439.29 -4.23 4,657.16
2015-06-30 9,562.12 -20.36 4,682.78
2015-03-31 9,479.55 -19.53 4,669.34
2014-12-31 9,329.93 -105.29 4,672.37
2014-09-30 9,213.97 -115.82 4,613.62
2014-06-30 9,172.74 -157.44 4,614.44
2014-03-31 9,203.84 -169.82 4,612.29
2013-12-31 9,305.25 -72.30 4,566.44
2013-09-30 9,386.18 -98.43 4,604.31
2013-06-30 9,532.80 26.33 4,603.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Les Enphants has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Les Enphants has efficiently used its assets last year compared to the TW Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Les Enphants improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Les Enphants's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Les Enphants has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Les Enphants's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Les Enphants's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Les Enphants is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Les Enphants's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Les Enphants's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Les Enphants Company Filings, last reported 3 months ago.

TSEC:2911 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,577.10 915.19 467.70
2019-09-30 2,736.60 899.59 513.52
2019-06-30 2,902.00 898.73 599.13
2019-03-31 3,047.28 879.74 662.34
2018-12-31 3,071.17 877.41 613.71
2018-09-30 3,079.16 750.98 674.90
2018-06-30 3,189.47 702.54 857.04
2018-03-31 3,448.57 1,024.42 942.05
2017-12-31 3,404.66 929.95 1,119.04
2017-09-30 2,782.18 1,598.85 678.09
2017-06-30 2,855.86 1,675.87 670.35
2017-03-31 2,914.72 1,862.81 845.75
2016-12-31 3,030.99 1,962.55 848.53
2016-09-30 2,908.65 2,088.82 654.79
2016-06-30 3,031.90 2,046.61 425.95
2016-03-31 3,191.35 2,344.92 744.50
2015-12-31 3,182.06 2,280.38 655.79
2015-09-30 3,277.44 2,185.27 634.99
2015-06-30 3,303.66 1,645.51 611.95
2015-03-31 3,461.32 2,077.03 1,019.41
2014-12-31 3,448.95 2,196.25 858.59
2014-09-30 3,242.70 2,024.67 785.16
2014-06-30 3,205.05 2,098.38 780.90
2014-03-31 3,362.26 1,987.93 710.21
2013-12-31 3,408.36 2,144.88 535.83
2013-09-30 3,293.88 2,412.86 981.02
2013-06-30 3,384.62 1,945.52 566.58
  • Les Enphants's level of debt (35.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.6% vs 35.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Les Enphants has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Les Enphants has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Les Enphants's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Les Enphants has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Les Enphants's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Les Enphants dividends.
If you bought NT$2,000 of Les Enphants shares you are expected to receive NT$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Les Enphants's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Les Enphants's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSEC:2911 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.3%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1329 Stocks 4.6%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.3%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSEC:2911 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2019-11-08 0.000 0.000
2019-11-07 0.000 0.000
2019-08-08 0.000 0.000
2019-08-07 0.000 0.000
2019-05-13 0.000 0.000
2019-03-27 0.000 0.000
2019-03-26 0.000 0.000
2018-03-27 0.515 4.788
2015-05-15 0.000 0.000
2015-03-31 0.000 0.000
2015-03-30 0.000 0.000
2014-11-14 0.000 0.000
2014-10-15 0.000 0.000
2014-08-13 0.000 0.000
2014-07-15 0.000 0.000
2014-05-15 0.000 0.000
2014-04-15 0.000 0.000
2014-03-31 0.000 0.000
2013-03-28 0.700 3.329
2012-05-14 0.962 4.097
2012-04-02 0.962 3.165
2011-04-29 0.925 2.843
2011-04-28 0.925 2.169
2011-01-17 0.925 2.286
2010-04-20 0.605 1.693
2009-10-30 0.173 0.583

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Les Enphants has not reported any payouts.
  • Unable to verify if Les Enphants's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Les Enphants's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Les Enphants has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Les Enphants's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Les Enphants afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Les Enphants has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Les Enphants's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Spencer Chang
CEO Bio

Mr. Spencer Chang serves as General Manager of Les Enphant Co., Ltd. and served as its Chief Executive Officer. Mr. Chang served as Chief Operation Officer of Les enphant Co.,Ltd. since March 22, 2004. He holds EMBA from National Taiwan University of Science & Technology and Bachelor Degree from Department of Public Finance, Feng Chia University.

CEO Compensation
  • Insufficient data for Spencer to compare compensation growth.
  • Insufficient data for Spencer to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team

Brenda Lin

TITLE
Assistant VP of Corporate Social Responsibility Division & Director
COMPENSATION
NT$814K
AGE
42

Spencer Chang

TITLE
General Manager

Eric Lin

TITLE
Founder & President

Lilian Chen

TITLE
Assistant Vice President of Finance Division

Ming-Yueh Huang

TITLE
Assistant Vice President of Information Division

Eileen Cheng

TITLE
Chief Officer of Human Resources Office
Board of Directors Tenure

Average tenure and age of the Les Enphants board of directors in years:

2.8
Average Tenure
53
Average Age
  • The average tenure for the Les Enphants board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alex Lin

TITLE
Chairman
COMPENSATION
NT$6M
AGE
46
TENURE
3.1 yrs

Brenda Lin

TITLE
Assistant VP of Corporate Social Responsibility Division & Director
COMPENSATION
NT$814K
AGE
42
TENURE
8.8 yrs

Jin Ding Pan

TITLE
Independent Director
COMPENSATION
NT$1M
AGE
68
TENURE
2.8 yrs

Jonny Tseng

TITLE
Director
COMPENSATION
NT$40K
AGE
42
TENURE
5.8 yrs

Chi Wang

TITLE
Director
COMPENSATION
NT$40K
AGE
71
TENURE
2.8 yrs

George Huang

TITLE
Director
COMPENSATION
NT$50K
AGE
70
TENURE
2.8 yrs

Andrew Liang

TITLE
Director
COMPENSATION
NT$40K
AGE
50
TENURE
2.8 yrs

Chris Cai

TITLE
Independent Director
COMPENSATION
NT$1M
AGE
53
TENURE
2.8 yrs

Anna Wang

TITLE
Independent Director
COMPENSATION
NT$1M
AGE
68
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Les Enphants's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Les Enphants has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Les Enphants Co., Ltd., together with its subsidiaries, operates as a retailer of children’s wear and accessories. It offers babies and toddlers’ apparel, footwear, personal care items, and other child-related accessories. The company also engages in leasing, property management, warehousing, and transportation services; and distributes children’s toys. It sells products under the owned, licensed, and distributed brands through 1,788 retail shops, including multiple chain stores, department store outlets, and franchises in Taiwan, China, and Thailand. The company also sells its products through e-commerce and mobile commerce platforms. Les Enphants Co., Ltd. was founded in 1971 and is headquartered in Taipei City, Taiwan.

Details
Name: Les Enphants Co., Ltd.
2911
Exchange: TSEC
Founded: 1971
NT$1,114,756,472
188,941,775
Website: http://www.enphants.com
Address: Les Enphants Co., Ltd.
No. 60 Yangguang Street,
321 Lane,
Taipei City,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 2911 Common Stock Taiwan Stock Exchange TW TWD 20. Jan 1997
Number of employees
Current staff
Staff numbers
0
Les Enphants employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 14:37
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.